Saturday Night Live aired its thirty-second season during the 2006-2007 television season. This season began on September 30, 2006 and ended on May 19, 2007 with 20 episodes produced.

Before the start of the season, the show suffered massive budget cuts. Finesse Mitchell, Chris Parnell and Horatio Sanz were all fired from the show because of the cuts. This was the second time Parnell had been fired from the show due to budget cuts, the first being after season 26 ended. In addition, Rachel Dratch and Tina Fey left the show on their own terms to begin to work on 30 Rock.

Bill Hader, Andy Samberg, Jason Sudeikis, and Kristen Wiig were all promoted to repertory status. Due budget cuts from the network, this is the first time since the 23rd season to have no featured players or new members of the repertory cast.

After a long slump in quality starting after season 27, episodes hosted by Shia LaBeouf, Dane Cook, Alec Baldwin, Jeremy Piven, Rainn Wilson, and Peyton Manning pulled in big ratings and revived interest in watching the program. With Fey's departure, Saturday Night Live returned to having one male and one female anchor on Weekend Update with the inclusion of Seth Meyers as Amy Poehler's co-anchor. Don Roy King was hired as SNL's newest director.

Live from New York, it's... Will Forte!Sketches include "Bush and al-Maliki," "Sale-Mart," "Nancy Grace," "Deep House Dish," "Lost Fans," "Crazy Mountain Man," "Math vs. History Buffs," and "The Mayan Empire."Tenacious D performed "Kickapoo" and "The Metal."

Live from New York, it's... Amy Poehler!Sketches include "Hardball," "Urigro," "The NFL on CBS," "Frontline: 2007 Year in Review" (cartoon), "The First Person in History to Dance," "MacGruber" (three parts), "Two A-Holes at an Adoption Agency," "Common & Blizzard Man," "The Unicorn Forest," "Nurse Nancy" (film), and "Lansford Brothers & Associates."AFI performed "Love Like Winter" and "Miss Murder."

Live from New York, it's... Darrell Hammond!Sketches include "Valentine's Day with the Cheneys," "Bronx Beat," "Andy Everywhere" (film), "Assagio's," "Urigro," "Man Versus Beast: The Road to the Final Four," "Love Whitney," "Am I a Crazy Street Person?," and "A Message from the Staten Island Zoo."Keith Urban performed "Stupid Boy" and "Once in a Lifetime."

Live from New York, it's... Chris Rock!Sketches include "SNL Special Report: The Road to the White House," "Oprah," "Monex," "Restless Penis Syndrome," "La Rivista Della Televisione," "Deep House Dish," "CBS Cares," "Homebot," and "Pussycat Dolls Present: The Search For The Next Doll."Snow Patrol performed "You're All I Have" and "Chasing Cars."

Live from New York, it's... Molly Shannon!Sketches include "Mary Katherine Gallagher on American Idol," "Urigro," "Penelope at the Tenants' Meeting," "The Fringe Candidates Debate," "Sally O'Malley on The Sopranos," "Kaitlin at the Nursing Home," "MacGruber" (three parts), "The Legend of Big-Boobed Einstein" (cartoon), "Charli Coffee," and "Trump Steaks."Linkin Park performed "What I've Done" and "Bleed It Out."